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MACROECONOMICS VS MICROECONOMICS

Differences between Macroeconomics and Microeconomics MACROECONOMICS Macroeconomics is the study of performance, structure, ethics and decision-making of the whole economy. Macroeconomists focus on national, regional and global scale. For many macroeconomists, the aim of this policy is to increase national income and provide national economic growth. Economists hope that this growth translates into increased consumption and a higher standard of living for economic participants. While there are differences between the objectives of different national and international businesses, the majority are as follows: Sustainability occurs when the economy reaches a growth rate that allows for an increase in living standards without undue structural and environmental constraints.Full-time e...

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